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Wednesday, 13 May 2020

Gold Prices Slip Back After Early Gains On Hopes For US Stimulus

Gold prices couldn’t hang on to early gains made as the US Federal Reserve Chairman reminded markets that they could be facing the worst economic downturn since World War Two.

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NZD/USD Levels to Watch as RBNZ Expands Large Scale Asset Purchases

NZD/USD may continue to give back the advance from the April low (0.5843) as the Reserve Bank of New Zealand (RBNZ) expands its Large Scale Asset Purchase (LSAP) program.

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Australian Dollar Stumbles As Covid Sees 594,000 Jobs Lost In April

The Australian Dollar was braced for terrible employment news, and duly got it. More jobs were lost than expected last month although the unemployment rate did not rise as sharply as had been feared.

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EUR/USD Rebound Fizzles as Fed Chairman Powell Tames Bets for NIRP

EUR/USD may trade within a more defined range in the days ahead as Federal Reserve Chairman Jerome Powell tames speculation for a negative interest rate policy (NIRP).

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S&P 500 at Tipping Point? Fed Chair Powell Crushed Negative Rate Bets

The S&P 500 may be facing a tipping point as Fed Chair Jerome Powell struck down negative rate expectations. This could leave the Australian Dollar at risk as it follows Wall Street.

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US Dollar, VIX Index Pop as S&P 500 Price Plummets Post-Powell

Fed Chair Powell echoed opposition to negative interest rates and highlighted the lasting damage faced by the global economy due to the coronavirus, which boosted the US Dollar and VIX Index but pu...

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Euro Stoxx 50, IBEX-35 Price Outlook: Bulls Retreat as Virus Risks Resurface

European stocks move lower this week as coronavirus risks reemerge on worries that the economy may have to endure a longer than previously thought shutdown

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DAX 30 Forecast: Index Threatens Range Break Out, Awaits GDP

The DAX 30 has traded sideways since early April, establishing little progress in either direction. Trading near the topside of its range, can the index break out?

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Dow, S&P Continue Pullback - Are Bears Brewing for Another Push?

US equities have struggled this week after a really strong seven-week stretch. Are bears making a reappearance or is this a mere pullback in a bullish trend?

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Stock Market Forecast: Should I Sell in May and Go Away?

Will the ‘sell in May and go away’ stock market anomaly come to fruition this year amid coronavirus recession risk and rekindled US-China trade war tension? Or will Fed balance sheet growth and fis...

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US Recession Watch, May 2020 - US Yield Curve Hides the Truth

The Federal Reserve’s extraordinary stimulus efforts have had an understandable impact on the US Treasury yield curve – which has lost some utility.

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S&P 500, Gold, Oil : Index & Commodity Charts to Watch & More

Stocks look like they could roll over here soon, gold continues to coil up, while oil has a pattern that suggests a move could be near.

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Gold Struggles With Trend Resistance Ahead of Key Fed Speech

Gold continues to battle a narrowing trading range set-up over the last month. Will Fed Chair Jerome Powell’s speech later today spark a breakout?

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Euro Latest: EUR/USD Could Break Lower, Powell Speech in Focus

EUR/USD is in danger of breaking below trendline support as the markets wait for a 1300 GMT speech on current economic conditions by US Federal Reserve Chair Jay Powell.

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Euro May Fall Ahead of Merkel's Testimony to Bundestag on Covid-19

The Euro may fall ahead of German Chancellor Angela Merkel’s testimony to the Bundestag on updates regarding the Coronavirus and the outlook for lockdown policies.

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GBP/USD Remains Under Pressure as UK Economy Shrinks

UK preliminary Q1 GDP beat market expectations but still showed the largest quarterly contraction since the financial crisis in 2008. The Office for National Statistics (ONS) warned that the second...

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